Central Petroleum Limited · ASX:CTP
Central Petroleum — FY2025 Earnings Presentation
14 slides from Central Petroleum's earnings presentation, Sep 25, 2025
Slide 1: FY2025 Results
For personal use only FY2025 Results 25 September 2025 Central Petroleum Limited (ASX:CTP)
Slide 2: Recent accomplishments and milestones
Recent accomplishments and milestones For personal use only ✓ Successful EOI process concluding with major multi-year NTG GSA ✓ Drilled and commissioned two new production wells at Mereenie (ahead of schedule, under budget and significantly above initial production rate targets) ✓ Debt restructured
Slide 3: Pivotal results
Pivotal results Statutory profit: $7.7m For personal use only • Down 38% from $12.4m in FY2024, which included $13.8m profit on asset sale Includes four months of pre 50% asset sale income Underlying profit: $6.5m • Up from $1.4m underlying loss in FY2024 Underlying EBITDAX: $19.6m • Up 43% from $13
Slide 4: New contracts drive 17% revenue increase
New contracts drive 17% revenue increase Includes four More reliable volumes - up 2% months of pre For personal use only 50% asset sale ▪ Contracting strategy reduced NGP exposure: Up ▪ NT contracts in 1H 17.4% ▪ New contracts commenced 1 January 2025 - offtake for expected production from existing
Slide 5: Successful Mereenie wells increase production capacity
Successful Mereenie wells increase production capacity Successful new Mereenie wells Temporary Seasonal low demand Seasonal low Mereenie For personal use only demand during pressure during NGP outage – ➢ Two new wells (WM29 and WM30) NGP outage scheduled maintenance restriction during cash flow prot
Slide 6: Improving margins / lower corporate costs
Improving margins / lower corporate costs Margins up 26% (ex-depreciation) For personal use only ▪ New contracts have significantly boosted average gas price and gross margins from January 2025 ▪ Margin increased to $4.60 / GJe (up by $0.95 / GJe) ▪ Unit cost of sales increased by 6% to $4.83 / GJe
Slide 7: Strong financial position supports shareholder returns
Strong financial position supports shareholder returns Strong balance sheet For personal use only ▪ Cash: $27.5m at 30 June ▪ Net cash: $3.9m – highest since acquiring operating assets ▪ Includes new five-year office lease liability (circa $2m) ▪ Loan facility extended for 5 years ▪ No mandatory loa
Slide 8: Field outperformance drives 96% reserves replacement
Field outperformance drives 96% reserves replacement 2P reserves upgrades replaced 96% of FY2025 For personal use only production ▪ Mereenie 2P reserves increased by 9% before production ▪ Mereenie 2P upgrade of 3 PJe replaces 178% of FY2025 production ▪ Resulting from outperformance of new Mereenie
Slide 9: Summary of potential capital allocation options
Summary of potential capital allocation options Allocation options Potential benefits Considerations For personal use only ✓ Share buy-back Value accretive at prevailing Buy back to commence mid-Sept share price ✓ Cash-settle equity Reduces dilution at To pay-out 50% of vested EIP rights and 100% FY
Slide 10: Growth Opportunities
Growth Opportunities Existing cash reserves and positive cash flows provide options for growth For personal use only ➢ Production growth ▪ Potential new wells at Palm Valley and Mereenie ▪ Considering opportunities to reduce total drilling costs ▪ Ongoing marketing strategy for long-term GSAs to sup
Slide 11: Appendix 1: Reserves and Resources information
Appendix 1: Reserves and Resources information Reserves and contingent resources Reserves Contingent Resources For personal use only Proved Proved & Best estimate Central – existing producing fields Probable (Central share) Units 1P 2P 2C Mereenie Oil mmbbl 0.31 0.39 0.05 Mereenie Gas PJ 28.9 37.9 4
Slide 12: Appendix 1: Resources information
Appendix 1: Resources information Prospective Resources Units Low Estimate Best Estimate High Estimate Mean Prospective Resources For personal use only Dukas (EP112) Central 45% interest The volumes of Prospective Resources included in this report Helium Bcf 7.7 51.3 212.4 89.6 represent the unriske
Slide 13: Notice and Legal Disclaimer
Notice and Legal Disclaimer To the maximum extent permitted by law: This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presen
Slide 14: Contact and Further Information
Level 7, 369 Ann Street Brisbane QLD 4000 For personal use only Contact and Australia Further Information +61 (0)7 3181 3800 info@centralpetroleum.com.au This presentation was approved and authorised for www.centralpetroleum.com.au release to ASX by Leon Devaney, Managing Director and Chief Executiv